Tuesday, April 11, 2017

The crisis of capitalism

Hartmann first sets up how big money corrupts government by privatizing the commons. Part of that commons is governmental responsibility for public safety. He then discusses (around 10:00) how a private contractor that makes stop lights increases its own profits and increases fines paid to cities, but also increases the number and severity of car accidents. So both the contractor and the city sacrifice public safety for more money. Is something wrong with this picture?